View of St. Stephen's Basilica in Budapest MOSCOW, Jan 12 Hungary has fixed prices for six products food at the level of October 15, 2021, Prime Minister Viktor Orban said at the end of the parliamentary meeting. “Today we decided to intervene in the pricing of six products: granulated sugar, wheat flour, sunflower oil, pork hams, chicken breasts and cow's milk 2.8% fat. This means that the price of these six products should return to the level of October 15 last year. Starting in February, this should be the case in all stores, «Orban said in a video message posted on his Facebook account. 
Hungary proposed to create Europe «to the Sea of Japan» He noted that the government is resorting to such measures to protect the interests of fellow citizens in the face of rising prices for essential products caused by the energy crisis in Europe. According to Orban, Hungary has previously limited the growth of gasoline prices and is pursuing a policy of reducing utility bills. A noticeable increase in gas prices in Europe began in April-May, when the average spot price on TTF fluctuated in the range of $ 250-300 per thousand cubic meters. … In the last days of summer, the value of a day-ahead delivery contract exceeded $ 600, and in early October it crossed the $ 1,000 threshold. 
Ukraine and Hungary have agreed to increase gas imports from the EU. There have been no such persistently high prices in the entire history of gas hubs functioning — since 1996 — in Europe. The all-time high in the futures market — above $ 1,900 per thousand cubic meters — was reached on October 6. Experts linked the rise in prices to several factors: the low level of occupancy of European underground storage facilities, limited supply from the main suppliers and high demand for liquefied natural gas in Asia. Now the situation on the gas market in Europe remains difficult: after falling to $ 750 in early November. for more than a month they have exceeded 1 thousand dollars, the filling of European gas storage facilities is at the lowest level for many years, and market participants are still afraid of a physical shortage of gas in the event of a cold winter.
